CII Current Affairs

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CII launches Startup Mentorship Circle platform

The Confederation of Indian Industry (CII) has launched ‘Startup Mentorship Circle’, a unique platform to help in connecting start-ups with the global marketplace.

The platform was launched in view of Union Government’s vision of nurturing entrepreneurship under the Startup India Initiative.

Key Facts

  • Under this Platform Large corporate houses are planning to mentor about 100 start-ups over the next two years.
  • Initially it will focus on start-ups in the Western part of the country and will be soon scaled to other parts.
  • It seeks to provide platform to create strong eco-system to nurture innovation and startups to drive sustainable economic growth and generate large scale employment opportunities.

About Confederation of Indian Industry (CII)

CII is an association of Indian businesses which works to create an environment conducive to the growth of industry in India. The headquarters of CII is located at New Delhi.

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Incredible India Tourism Investors Summit-2016 begins in New Delhi

The Incredible India Tourism Investors Summit (IITIS) 2016 has begun in New Delhi after it was inaugurated by Union Finance Minster Arun Jaitley.

The three day summit has been organized by the Union Ministry of Tourism in association with Tourism Finance Corporation of India (TFCI) and Confederation of Indian Industry (CII).

Key Facts

  • IITIS will provide a common platform for domestic and international investors to meet project owners from across Indian states and the private sector.
  • It will host presentations of investible properties, session on why invest in India, Micro of Small and Micro Enterprises (MSME) in tourism sector.
  • Besides, it will also host panel discussions on core infrastructure for tourism, session on start-ups, digital India, Swadesh Darshan, PRASAD and niche tourism products, B2B meetings.
  • The summit will also have dedicated space for seminars, business to business (B2B) meetings and roundtables around focus themes.
  • There will be participation from major stakeholders including states/UTs with their ready investible projects, banks and financial Institutions, business developers.
  • It will also see domestic investors, entertainment companies, global investors, helicopter services, infrastructure-developers, hoteliers, international associations, restaurateurs, tour and travel operators, venture capitalists, urban developers and civic amenity providers.

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CII inks MoU with Dubai exports to boost trade

The Confederation of Indian Industry (CII) has signed a Memorandum of Understanding (MoU) with Dubai Exports to boost trade and explore business opportunities.

CII is a non-government organisation of Indian businesses which works to create an environment conducive to the growth of industry in the country. Dubai Exports works with other Dubai Government Departments to simplify the export process by developing long-term growth strategies to expand businesses and maximise opportunities

Key features of MoU

  • Signatory parties pledge to maintain regular and frequent contact with each other for mutual exchange of economic, trade and non-confidential information.
  • They will recommend and suggest partners for trade and economic cooperation and explore opportunities for business between members of both parties.
  • CII and Dubai exports will also organise exchange of visits for business cooperation and provide necessary support in terms of mounting business delegations, organizing conferences and other activities to each other.
  • Both of them within the limits of their competence will aspire to make coordinated efforts in reducing and solving impediments caused due to regulatory mechanisms like customs procedures, taxation, visas etc.

This MoU seeks to further strengthen India-UAE economic ties and paves way for both parties to help each other for promotion of investment opportunities in both countries.

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